BTC USD ENTRY 84300 target 83300 stop loss 84900

16 Mar

Your trading setup suggests a short position on Bitcoin (BTC/USD) based on the chart pattern. Here’s the breakdown:

Technical Analysis:

The chart shows a symmetrical triangle formation, which often signals a breakout in either direction.

The projected move appears to be a breakdown (bearish).

A measured move from the widest part of the triangle suggests a drop towards 83,305.


Trade Setup Details:

Entry: 84,300

You're entering near the upper resistance level of the triangle.


Target: 83,300

This aligns with the expected drop after the triangle breakdown.


Stop Loss: 84,900

Placed above recent highs to limit risk in case of a breakout to the upside.



Risk-Reward Ratio:

Risk: 600 pips (84,900 - 84,300)

Reward: 1,000 pips (84,300 - 83,300)

Risk-to-Reward Ratio: ~1:1.67, which is decent for a short trade.


Final Thoughts:

A breakdown from the triangle pattern would confirm this trade.

Watch for increased volume on the breakdown for stronger confirmation.

If price moves above 84,900, it invalidates the bearish thesis, so stopping out is a good risk management strategy.


Would you like any refinements to this setup?

16 Mar

İşlem aktif

16 Mar

İşlem kapandı: hedefe ulaştı

my target 50 pips running

16 Mar

Not

my targrt 100 is hit